Inceptionr LLC Lowers Position in AXIS Capital Holdings Limited (NYSE:AXS)

Inceptionr LLC trimmed its holdings in AXIS Capital Holdings Limited (NYSE:AXS - Free Report) by 62.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,538 shares of the insurance provider's stock after selling 15,581 shares during the quarter. Inceptionr LLC's holdings in AXIS Capital were worth $845,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance boosted its position in shares of AXIS Capital by 0.4% during the third quarter. Independent Advisor Alliance now owns 32,549 shares of the insurance provider's stock worth $2,591,000 after acquiring an additional 125 shares during the last quarter. Pathstone Holdings LLC lifted its stake in AXIS Capital by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 31,785 shares of the insurance provider's stock worth $2,542,000 after purchasing an additional 127 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of AXIS Capital by 24.0% during the 4th quarter. Versant Capital Management Inc now owns 671 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 130 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of AXIS Capital by 7.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,931 shares of the insurance provider's stock valued at $171,000 after purchasing an additional 134 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of AXIS Capital by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,799 shares of the insurance provider's stock valued at $248,000 after purchasing an additional 137 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Charles A. Davis sold 2,139,037 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $93.50, for a total value of $199,999,959.50. Following the transaction, the director now owns 2,404,133 shares of the company's stock, valued at $224,786,435.50. This represents a 47.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AXS shares. Wells Fargo & Company dropped their price target on AXIS Capital from $89.00 to $85.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of AXIS Capital from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. JMP Securities reissued a "market perform" rating on shares of AXIS Capital in a research note on Monday, February 3rd. TD Cowen raised their price objective on AXIS Capital from $118.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised AXIS Capital from a "hold" rating to a "buy" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $99.88.

AXIS Capital Trading Down 0.3 %

Shares of AXS traded down $0.25 during mid-day trading on Monday, reaching $91.69. 877,558 shares of the company's stock traded hands, compared to its average volume of 552,693. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock's 50-day moving average is $90.83 and its two-hundred day moving average is $86.04. AXIS Capital Holdings Limited has a 12 month low of $60.45 and a 12 month high of $98.11. The stock has a market cap of $7.41 billion, a P/E ratio of 7.42, a P/E/G ratio of 3.96 and a beta of 0.91.

AXIS Capital (NYSE:AXS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The insurance provider reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.29. AXIS Capital had a return on equity of 18.89% and a net margin of 18.16%. Research analysts forecast that AXIS Capital Holdings Limited will post 11.19 earnings per share for the current fiscal year.

AXIS Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, March 31st. AXIS Capital's payout ratio is presently 14.25%.

About AXIS Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.